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Antero Resources Corp AR

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Stock XNYS Rating as of
$33.30 +0.44 (1.34%)
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Company Report

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Antero Boosts Liquids Production in 2024

Stephen Ellis,

Antero Resources produces natural gas from the Marcellus and Utica shales in West Virginia and Ohio. It is concentrating on areas with a relatively high liquids content; natural gas liquids and condensate account for about 33% of its production. That means the firm is well positioned to capitalize on rising prices for ethane, propane, and butane. Overseas demand for these petrochemical feedstocks is robust, and Antero benefits disproportionately as an anchor shipper on the Mariner East 2 pipeline, which offers direct access to East Coast export facilities.

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Price vs Fair Value

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AR is trading at a 133% premium.
Price
$33.30
Fair Value
$11.00
Uncertainty
High
1-Star Price
$43.79
5-Star Price
$92.00
Economic Moat
Hhkd
Capital Allocation
Xxqbqvg

Bulls Say, Bears Say

Bulls

Antero's midstream contracts give it priority access to LNG export markets, enabling it to benefit from soaring overseas demand for US natural gas.

Bears

Antero's margins are weakened by above-average unit costs, especially in the next couple of years as it faces elevated marketing costs.

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Trading Information

Previous Close Price
$32.86
Day Range
$32.86–33.43
52-Week Range
$20.10–36.28
Bid/Ask
$31.80 / $33.81
Market Cap
$10.35 Bil
Volume/Avg
1.6 Mil / 3.9 Mil

Key Statistics

Price/Earnings (Normalized)
340.29
Price/Sales
2.52
Dividend Yield (Trailing)
—
Dividend Yield (Forward)
—
Total Yield
—

Company Profile

Antero Resources Corp, based in Denver, engages in the exploration for and production of natural gas and natural gas liquids in the United States and Canada. At the end of 2023, the company reported proven reserves of 18.1 trillion cubic feet of natural gas equivalent. Production averaged approximately 3,483 million cubic feet of equivalent a day in 2023 at a ratio of 35% liquids and 65% natural gas.
Sector
Energy
Industry
Oil & Gas E&P
Stock Style Box
Mid Value
Total Number of Employees
604
Website
https://www.anteroresources.com

Competitors

Valuation

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Metric
AR
OXY
DVN
Price/Earnings (Normalized)
 340.2919.268.91
Price/Book Value
 1.462.452.50
Price/Sales
 2.522.202.04
Price/Cash Flow
 11.355.444.66
Price/Earnings
AR
OXY
DVN

Financial Strength

Metric
AR
OXY
DVN
Quick Ratio
 0.260.520.86
Current Ratio
 0.290.951.04
Interest Coverage
 2.256.6112.34
Quick Ratio
AR
OXY
DVN

Profitability

Metric
AR
OXY
DVN
Return on Assets (Normalized)
 1.37%4.28%14.30%
Return on Equity (Normalized)
 2.70%14.61%29.77%
Return on Invested Capital (Normalized)
 2.46%7.35%20.25%
Return on Assets
AR
OXY
DVN
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Oil & Gas E&P Industry Comparables

Screen With Investor
1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
ConocoPhillips
COP
DkflxnryHmrjlfv$133.6 Bil
 EOG Resources Inc
EOG
SqhbkffzlHyzgpl$72.9 Bil
 Occidental Petroleum Corp
OXY
JnbwnjmfzHcl$55.3 Bil
 Hess Corp
HES
RbmldwccnPsgltj$46.0 Bil
 Diamondback Energy Inc
FANG
GvfyybjvlHcdgzy$36.9 Bil
 Devon Energy Corp
DVN
YwvbpmwpwHngqd$30.4 Bil
 EQT Corp
EQT
NznhxnqnvJhkfs$16.4 Bil
 Marathon Oil Corp
MRO
NsrwnnrkJrdy$16.1 Bil
 APA Corp
APA
FkgfjnpbfQrf$10.9 Bil

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